Central Bank of Nigeria (CBN) on Monday sacked top executives of Skye Bank Plc over failure to meet required capital adequacy ratio, poor liquidity ratio and high level of non-performing loans.

The bank’s Managing Director/Chief Executive Officer, Timothy Oguntayo, and the chairman resigned before the CBN announcement.

Mr. Tokunbo Abero has been appointed the new Group Managing Director/ CEO, while M.K Ahmad is the new Chairman of the bank.

The Governor of CBN, Godwin Emefiele, assured customers that the bank is not in distress.